Title page 1

Contents 1

Key Judgments 2

Turkey's Role and Importance as a Middle Power 2

Policy Objectives 4

Economy and Trade 7

Energy and Climate 9

Technology 12

U.S. and China Ties 12

Conclusions and Recommendations 14

Figures 6

Figure 1. Turkey's Defense Industry Exports 6

Figure 2. Turkey's foreign trade, regional breakdown 8

Figure 3/Figure 4. Turkey's Natural Gas Imports per Source Country 10

Figure 4/Figure 5. Turkey's Oil Imports per Source Country 10